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Good advice ... for a casino.
I prefer to look at the stock market as a business opportunity.
That’s why my long term investments for retirement aren’t taken in and out. The are put in play and remain there without getting touched. The account I’m working actively is about 5-10% of my total assets. I risk up to 15% of the account on big plays at the most, and usually closer to 5%. I can afford to lose along those lines.
Anyway that is what I meant by “play”